Bitcoin plunged below $11,000 on Coinbase, down 44% from record high of $19K+ at the start of the week, amid a crash in all major cryptocurrencies
- Bitcoin plunges more than 40 percent from its all-time high reached Sunday, according to Coinbase. — Stocks that have soared dramatically …
Eric Schmidt to step down as executive chairman of Alphabet's board of directors, will transition to technical adviser and continue to serve on the board
Eric Schmidt will be stepping down as the executive chairman of Alphabet's board of directors and transitioning to technical advisor, the company announced.
Throttling iPhones with older batteries was the right decision, but Apple's lack of transparency undermines customers and fuels conspiracy theories
Apple caused a furore yesterday when it admitted that it deliberately slows down older iPhones. — The issue first came to the fore …
Wireless security camera startup Blink says it has been acquired by Amazon and will continue to operate; Blink raised ~$1M in a 2014 crowdfunding campaign
Amazon has acquired Blink, the wireless security camera company that launched back in 2014 and then subsequently closed a million-dollar Kickstarter campaign.
Sources: Goldman Sachs is setting up a cryptocurrency trading desk and expects it to be running by June 2018
The business may be running by the end of June, two people say — CEO Blankfein has said the firm is mulling a bitcoin strategy — At least one of Wall Street's biggest firms …
Snowden-backed Haven app for Android alerts users of “evil maid” and other physical attacks using a phone's accelerometers, cameras, microphones, light sensor
YOUR DIGITAL SECURITY, any sufficiently paranoid person will remind you, is only as good as your physical security.
Coinbase says it has temporarily suspended cryptocurrency trading, citing “high traffic”, amid crash in prices
Coinbase, one of the biggest bitcoin marketplaces in the U.S., said Friday that buying and selling was temporarily disabled amid a price rout in cryptocurrencies.
A look at the “Coinbase effect”, the popular trading platform's power in influencing the nascent cryptocurrency markets with its 10M+ users
Ryan Mac / BuzzFeed :
Baidu and Huawei announce partnership to build an open mobile AI ecosystem using Huawei's neural network and Baidu's deep learning framework
Huawei and Baidu will work together on developing and building an open AI mobile ecosystem, including devices, technology, internet services, and content.
Bipartisan group of lawmakers introduce Secure Elections Act bill, propose spending $386M to replace outdated voting systems vulnerable to hacking
Shannon Vavra / Axios :
Sources: Xiaomi's 2017 profit could exceed $1B based on company's $17B-$18B revenue estimate; $2B profit expected in 2018, making a $100B IPO value “reasonable”
HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has told bankers it would top its annual revenue target …
Apple says apps with loot boxes or other mechanisms that provide randomized virtual items for purchase must disclose odds of receiving items prior to purchase
and it affects every game that charges money for ‘loot boxes’ Williams Pelegrin / Android Authority : Google might want to follow Apple's lead and force developers to disclose loot box odds Gareth Hal...
3GPP, the organization that governs cellular standards, signs off on the first specification for 5G, dubbed 5G NR; full details coming later this week
Monica Alleven / FierceWireless :
Long Island Iced Tea Corp, an unprofitable soft drink maker, rebrands as Long Blockchain Corp and pivots to blockchain exploration; shares rise as much as 500%
Nicholas Megaw / Financial Times :
Comcast claims it will award $1K bonuses to 100k+ employees due to net neutrality repeal and tax cut; AT&T to award $1K bonuses to 200k employees and invest $1B
trust me their tax cut will DWARF whatever the little guys get. @deanofcomedy : We officially live in an oligarchy. TodayTrump praised AT&T's bonuses to employees. Why did AT&T publicly tie this bonus...
Sources: Apple is developing an EKG heart monitor for Apple Watch
> — AliveCor's IP — A major FDA approval process for both the software algorithm (communicating yes or no to aFib) AND hardware — High risk of false positives outside of at-risk groups (over 65 popula...
Sources: SEC is expected to approve Spotify's direct share listing on NYSE ahead of IPO, expected in March or April; SEC has until Feb. 15 to decide, per memo
SEC gives preliminary nod for new type of public offering that does not offer new shares; expected to happen in the spring
Google and Facebook's dominance in digital advertising and news discovery in the US is a threat to diversity of ideas in the country
A political website pulled an article after Google's AdSense team threatened to withdraw advertising. — 'A monopoly on the means of communication," … Tweets: @flyagaric2019 Tweets: Steve Fly Agaric ...
Timehop founder Jonathan Wegener, who joined Snap in January to work on Snapchat's product, has already left the company
Kurt Wagner / Recode :
Mattermark to shut down after being acquired by FullContact, source says for under $500K in cash plus stock; common stockholders will get nothing in the deal
Mattermark, the site for startup and company data, is shutting down its own business after selling in a disappointing outcome to FullContact. Tweets: @ceonyc , @eriktorenberg , @eghosao , @rafat , @ze...
Tax overhaul lets Apple bring back its $252B foreign cash pile without a major tax hit, but could raise the amount to pay on profits from patents held abroad
Stephen Nellis / Reuters :
Home security firm ADT files for IPO on NYSE at valuation sources say of $15B+; private-equity firm Apollo Global Management will retain control of the company
Maria Armental / Wall Street Journal : Tweets: @wsj Tweets: The Wall Street / @wsj : Home-security company ADT has filed preliminary documents for an initial public offering, more than a year after i...
Tax overhaul bars cryptocurrency owners from deferring capital gains taxes when trading one type of virtual currency for another
Bloomberg : Tweets: @business and @andrewhorowitz Tweets: @business : Bitcoin investors would lose a lucrative tax break under the Republican tax bill on its way to Donald Trump's desk http://www.blo...
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